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Software - Application · Technology · Fiscal year ends Dec 31
Soundhound AI reported revenue of $169M in the fiscal year ended Dec 2025, up 99.4% from the year before. Operating income was −$23M, an operating margin of −13.8%, and net income was −$14M. Operating cash flow of −$98M less capital expenditure of $902,000 left free cash flow of −$99M.
Ranks among the 83 software - application companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 21.2 | 31.1 | 45.9 | 84.7 | 169 |
| Cost of revenue | 6.6 | 9.6 | 11.3 | 43.3 | 97.4 |
| Gross profit | 14.6 | 21.5 | 34.6 | 41.4 | 71.6 |
| Research & development | 59.2 | 76.4 | 51.4 | 70.6 | 98.3 |
| Selling, general & admin | 20.8 | 50.8 | 47.2 | 82.4 | 144 |
| Operating income | −65.3 | −106 | −68.6 | −341 | −23.3 |
| Interest expense | 8.3 | 6.9 | 17.6 | 12.2 | 0.7 |
| Pre-tax income | −79.1 | −114 | −85.0 | −360 | −9.3 |
| Income tax | 0.5 | 2.9 | 3.9 | −9.2 | 4.7 |
| Net income | −79.5 | −117 | −88.9 | −351 | −14.0 |
| Diluted EPS | −1.18 | −0.74 | −0.40 | −1.04 | −0.28 |
| Diluted shares | 67.3 | 157 | 229 | 338 | 409 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 21.6 | 9.2 | 95.3 | 198 | 248 |
| Current assets | 27.5 | 17.7 | 114 | 256 | 329 |
| Net PP&E | 6.2 | 3.4 | 1.5 | 1.2 | 2.9 |
| Goodwill | – | – | 0.0 | 102 | 122 |
| Total assets | 49.2 | 38.0 | 151 | 554 | 688 |
| Payables | 3.8 | 2.8 | 1.7 | 5.6 | 10.6 |
| Deferred revenue | 6.0 | 5.8 | 4.3 | 23.9 | 24.0 |
| Current liabilities | 87.7 | 38.6 | 24.2 | 67.7 | 71.7 |
| Short-term debt | – | 16.7 | 0.0 | – | – |
| Long-term debt | 0.0 | 18.3 | 84.3 | 0.0 | – |
| Total liabilities | 113 | 74.6 | 123 | 371 | 224 |
| Shareholders' equity | −343 | −36.6 | 28.2 | 183 | 464 |
| Backlog (remaining obligations) | – | 20.7 | 12.7 | 83.3 | 79.5 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | −66.2 | −94.0 | −68.3 | −109 | −98.2 |
| Capital expenditure | 0.6 | 1.3 | 0.4 | 0.6 | 0.9 |
| Free cash flow | −66.8 | −95.3 | −68.7 | −110 | −99.1 |
| Depreciation & amortisation | 5.5 | 4.0 | 2.3 | 1.2 | 1.0 |
| Stock-based compensation | 6.3 | 28.8 | 27.9 | 33.1 | 80.6 |
| Acquisitions | – | 0.0 | 0.0 | 11.7 | 54.6 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 46.9% | 47.4% | 84.6% | 99.4% |
| Gross margin | 68.9% | 69.2% | 75.4% | 48.9% | 42.4% |
| Operating margin | −308.2% | −339.5% | −149.6% | −403.0% | −13.8% |
| Net margin | −375.2% | −374.9% | −193.9% | −414.1% | −8.3% |
| Return on equityBlank when equity is negative | – | – | −315.7% | −192.0% | −3.0% |
| ROCEEBIT ÷ (assets − current liabilities) | 169.5% | 18063.6% | −54.1% | −70.2% | −3.8% |
| Free cash flow margin | −315.2% | −306.3% | −149.7% | −129.3% | −58.7% |
| Cash conversion (CFO ÷ net income) | 0.83x | 0.81x | 0.77x | 0.31x | 7.01x |
| Payable days | 208 | 106 | 53 | 47 | 40 |
| Interest cover | −7.83x | −15.3x | −3.90x | −28.1x | −34.7x |
| Debt ÷ equity | – | – | 2.99x | 0.00x | – |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | −21.6 | 25.7 | −10.9 | −198 | – |
| Current ratio | 0.31x | 0.46x | 4.69x | 3.77x | 4.59x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.